The country’s biggest bank has reported its net profit slid by 3 per cent as CEO Matt Comyn said the strong immigration rate was helping the Australian economy remain resilient.

Warren Buffett’s Berkshire Hathaway has become too big, and it’s getting bigger by the day. It makes it a lot less exciting.

The Australian sharemarket extended gains after the Reserve Bank left interest rates unchanged, with the bourse building on its early gains following a strong finish on Wall Street.

There will always be jackals milling around a smelly corporate carcass. But none will want to pay top dollar for this one.

The Australian sharemarket tumbled after a negative lead from Wall Street, as investor fears grew about persistent US inflation and the likelihood that interest rates will stay higher for longer.

The Australian sharemarket edged higher after a strong lead from Wall Street, where the benchmark S&P 500 Index surged to within 1 per cent of its record.

Spiralling costs, high interest rates and lower spending are driving more businesses into insolvency.

The Australian sharemarket crept up to close flat on Monday after trading most of the day in the red, after another winning session for Wall Street’s benchmark index.

The Black Basta ransomware gang is behind the major hack that has hit about 200 Australian organisations and federal government agencies, cybersecurity experts say.

Australia’s richest barrister Allan Myers, KC, has quietly snapped up the ANZ bank branch in Carlton, down the road from his old university.